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Entry Submitted by Jose C at 12:32 PM ET on May 2, 2022
Re: Judy’s post from Bruce’s Big Call:
- “If you have a specific Humanitarian Project you will NOT have a long term payout. Instead, 10% of your Zim redemption amount will be taken out of your Mother Lode Account and put in a working account in a bank of your choice.
- You determine with the bank of your choice the interest rate you would receive on that 10% of your Zim redemption that has been transferred to your working account. That rate could be anywhere from 6 ½% to 10%.”
My Observation/Questions: If the Banks are to become Financial Services Centers, after the QFS Implementation, HOW can the Banks pay INTEREST on the monies left there. They cannot do “overnight money trading” as before. Is this simply a ploy to keep the Banks “Alive” and everything remains the same? It does NOT make sense. ALL IMHO!
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